After the hikes in prices by the mainstream carmakers in the Indian car market, Mercedes-Benz has announced a price-hike effective from 1 September 2018. Owing to the devaluation of the rupee and the tighter monetary policy set by the RBI, the overall costs have gone up for the luxury car makers.
With most of the cars being CKDs, the cost of import of knocked-down kits have gone up and the tighter repo-rates means that the cost of finances has also increased. As a result, Mercedes-Benz will hike prices of cars by up to 4 per cent on the ex-showroom price tag.
On the other hand, Mercedes, with its financial services arm, will also offer attractive finance options to potential buyers to dampen the impact of the rising prices. As of now, Mercedes has the largest portfolio of cars in the luxury segment starting from the A-Class/B-Class hatchbacks, the sedans from the CLA to the S-Class, SUVs from the GLA to the GLS and the G-Wagon, sporty cars like the SLC and the AMG GT to limousines like the Maybachs.